Housing Wire
FEBRUARY 20, 2024
The bill essentially negates as a negotiating tool the waiving of the home inspection contingency , which makes an offer for a home contingent on the results of an inspection. The Massachusetts legislation would grant buyers the right to a home inspection , but it does not mandate that one be completed. and Canada.
HomeLight
JANUARY 13, 2022
Inspection contingencies. Inspection contingencies mean that a buyer can get a home inspected before the deal goes through, and can back out of the purchase with earnest money intact, depending on what the inspector finds. Inspection contingencies can be waived. Appraisal contingencies.
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Realty Biz
AUGUST 22, 2022
I didn’t even include an inspection contingency. Your question is very timely as the residential market is transitioning away from being a seller’s market to being a more balanced market. This common situation is the reason home sale contingencies exist. Federal law gives buyers 10 days to inspect for lead paint.
HomeLight
JULY 31, 2021
Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Inspection period. Jackson says there’s a decent chance a cash buyer will still include an inspection contingency in the contract — especially if they are offering closer to market value.
HomeLight
JUNE 30, 2021
In some states, an attorney will oversee the closing of the sale instead of a title company; if you’re going it alone, regardless, it’s a good idea to think about hiring one. Contingencies are certain conditions that must be met before the closing date and typically relate to financing, inspections, appraisals, and home sale.
HomeLight
APRIL 28, 2023
Let’s review some of the top points of negotiation you may encounter: Contingencies Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. However some of these costs — such as title fees and escrow fees — can be negotiated in many instances.
HomeLight
JANUARY 3, 2023
These include: Seller’s property disclosure (residential). The residential property disclosure form notes that: “Seller’s failure to disclose a known material defect may result in legal liability.”. However some of these costs — such as title fees, escrow fees, and transfer taxes — can be negotiated in many instances.
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